Herbert Smith Freehills has advised the Clean Energy Finance Corporation (CEFC) on its A$50 million equity investment in the Transforming Farming Platform (Platform).
The A$100 million Platform targets underperforming small to medium mixed farming assets, and focuses on lifting productivity, reducing carbon emissions and sequestering carbon. The CEFC’s investment in the Platform enables the CEFC to bring focus to the sustainability profile of the agricultural sector in Australia.
The Herbert Smith Freehills team comprised partner Fiona Smedley and senior associate Yorick Ng.
Fiona Smedley said, “We are delighted to continue our relationship with the CEFC. We are proud to have worked with the CEFC on this matter, and of its ongoing leadership in driving sustainable and energy efficient practices, this time in the agricultural sector.”
Yorick Ng added, “Congratulations to the CEFC on this important investment. The CEFC’s cornerstone investment in the Transforming Farming Platform marks yet another success for the CEFC towards a more sustainable economy”.
This Herbert Smith Freehills team has advised the CEFC across a range of equity investments, including in Adamantem’s private equity fund, Macquarie Infrastructure, Real Asset’s infrastructure platform, Mirvac’s build-to-rent club, the Australian Renewables Income Fund, the Morrison & Co Growth Infrastructure Fund, and the Investa Commercial Property Fund.